Maharashtra Deputy Chief Minister Ajit Pawar, who is also the Finance Minister of the state, tabled the Devendra Fadnavis-led Mahayuti government’s Budget for the 2025-26 fiscal on Monday. This is 11th state Budget being presented by Pawar as finance minister in the state Assembly.
“I have got a chance to present the 11th budget as Finance Minister after the voters gave our alliance an overwhelming mandate. I will try to do justice to the expectations of the people of Maharashtra,” Pawar said.
“I thank the Central government and Prime Minister Narendra Modi for their reliefs given in the union budget. I am presenting the budget for FY 2025-26. Maharashtra will be number one in fulfilling PM’s visit Bharat dream by 2047 and Maharashtra CM Devendra Fadanvis‘ dream Viksit Bharat,” he said.
Here are 10 key highlights from Maharashtra Budget 2025
1. 50 lakh jobs in 5 years
Pawar said in his speech that the Mahayuti government aimed to generate 50 lakh new employment opportunities over the next five years.
“We will soon announce the Industrial Policy 2025. The policy aims to attract ₹20 lakh crore in investments and create 50 lakh jobs. A separate regional policy will be developed for the circular economy, and new labour laws will be introduced,” Pawar said,
2. 1,500 km road network
Pawar also said that in the coming year, a 1,500 km road network will be developed, while 7,000 km of existing roads will be upgraded to cement roads across the state. Additionally, 99 per cent of the Samruddhi Highway project has been completed, Pawar said.
3. Vadhvan port to be operational by 2030
Pawar said Vadhvan Port, a proposed deep seaport in Palghar district, will see the state contribute 26 per cent of the total project cost. Pawar also announced plans for a new airport as part of the port’s development and that the Vadhvan port to start operations by 2030.
4. Seven commercial hubs in Mumbai
The state has formulated a logistics policy, under which 10,000 acres will be dedicated to developing logistics infrastructure, says Pawar. The policy will provide facilities for projects and help create 5 lakh direct and indirect jobs.
Pawar also announced that seven commercial hubs will be developed in Mumbai. Mumbai’s economy is projected to grow from $140 billion to $300 billion, he said.
5. ₹15.65 lakh crore worth of investment
I will try to do justice to the expectations of the people of Maharashtra.
Pawar said that ₹15.65 lakh crore worth of investment is planned in the coming years across Maharashtra. This, he said, would create at least16 lakh new jobs.
A seven-point action plan for the first 100 days has been prepared, he said, This initiative will ensure greater transparency in administration. Offices delivering outstanding performance will be recognized and rewarded.
6. AI in Agriculture
Finance Minister Ajit Pawar also announced the state’s plan to promote AI in Agriculture. Pawar also announced that a pilot project on 1 lakh acres involving 50,000 farmers.
“To enhance agricultural productivity, we will promote the use of Artificial Intelligence (AI). All irrigation projects are progressing as planned, and necessary funds have been allocated for irrigation schemes. Additionally, we are emphasising the development of solar energy to drive sustainable growth,” Pawar said in press conference.
7. A ₹19,300 crore irrigation project
Ajit Pawar said in his speech that the river interlinking is a top agenda for the state government. He said a ₹19,300 crore irrigation project will be implemented in the Tapi River Valley, while water from Konkan will be diverted to drought-prone regions of Marathwada.
8. ₹7.20 Lakh Crore total expenditure
Ajit Pawar said that in the budget 2025-26, a total expenditure of ₹7.20 lakh crore has been allocated. The estimated revenue receipts stand at ₹5,60,964 crore, while the revenue expenditure is projected at ₹6,06,855 crore, he said.
Thus, the estimated revenue deficit amounts to ₹45,891 crore, said Ajit Pawar. Pawar also said the estimated revenue receipts were ₹4,99,463 crore. However, the revised revenue estimates have been increased to ₹5,36,463 crore, he said.
The total budgeted expenditure for 2024-25 was ₹6,12,293 crore, while the revised expenditure estimate has now been raised to ₹6,72,030 crore. This increase in the revised expenditure estimate is due to higher spending on capital and welfare schemes, Pawar said.
9-Metro Expansion in Mumbai, Nagpur, and Pune
Ajit Pawar said that about 143.57 km of metro routes are currently operational in Mumbai, Nagpur, and Pune metropolitan areas, benefiting approximately 10 lakh daily commuters.
He said that in the coming year, 41.2 km of metro routes will be launched in Mumbai and 23.2 km in Pune, totalling 64.4 km. Over the next five years, a total of 237.5 km of metro routes will be made operational. Under Phase 2 of the Nagpur Metro, construction work for 43.80 km is progressing at a cost of ₹6,708 crore, Pawar said.
10. ₹36,000 crore for Ladki Bahin Yojana
Under the Ladki Bahin Yojana, 2.53 crore women have received stipends totaling ₹ 33,232 crore, Pawar said. For 2025-26, the outlay will be increased to ₹36,000 crore. Additionally, under the Lek Ladki Yojana, benefits have been provided to 1.12 lakh women, he said.
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